DNB Asset Management AS Acquires 703,281 Shares of Grab Holdings Limited $GRAB

DNB Asset Management AS lifted its holdings in shares of Grab Holdings Limited (NASDAQ:GRAB) by 57.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,935,232 shares of the company’s stock after acquiring an additional 703,281 shares during the period. DNB Asset Management AS’s holdings in Grab were worth $11,650,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. AlphaCore Capital LLC acquired a new position in Grab during the 2nd quarter valued at about $33,000. Prospera Financial Services Inc bought a new position in shares of Grab in the second quarter valued at approximately $50,000. Savant Capital LLC purchased a new position in shares of Grab during the second quarter valued at approximately $51,000. Orion Porfolio Solutions LLC purchased a new stake in Grab in the 2nd quarter valued at $54,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Grab by 98.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 11,797 shares of the company’s stock valued at $59,000 after acquiring an additional 5,866 shares in the last quarter. Institutional investors own 55.52% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on GRAB shares. Barclays upped their target price on shares of Grab from $6.50 to $7.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 11th. Mizuho set a $7.00 price objective on shares of Grab in a research report on Tuesday, November 4th. Benchmark reissued a “buy” rating on shares of Grab in a research report on Thursday, February 12th. HSBC raised Grab from a “hold” rating to a “buy” rating and set a $6.20 target price for the company in a report on Friday, January 16th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $7.00 price target on shares of Grab in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Grab has a consensus rating of “Buy” and an average target price of $6.47.

Grab Stock Performance

Shares of GRAB opened at $4.22 on Friday. Grab Holdings Limited has a 1 year low of $3.36 and a 1 year high of $6.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.73. The stock’s fifty day moving average price is $4.59 and its two-hundred day moving average price is $5.21. The firm has a market cap of $16.99 billion, a PE ratio of 140.71, a PEG ratio of 0.95 and a beta of 0.92.

Grab (NASDAQ:GRAB) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.03. Grab had a return on equity of 4.09% and a net margin of 7.92%.The company had revenue of $906.00 million during the quarter, compared to analyst estimates of $942.08 million. On average, equities research analysts forecast that Grab Holdings Limited will post 0.05 EPS for the current year.

Grab Company Profile

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.